Bitcoin Trading Vs Forex trading in Currency Trading world

Bitcoin Trading is another very highly profitable business type in currency trading world. Bitcoin is highest valued digital currency used all over the world. FX Market or Forex Trading is the largest trading platform for Foreign Currency exchange Market. Bitcoin treading is exchanging crypto currency for any other currency in market. The prices of Bitcoin also change according to supply and demand in the Exchange market.

Video Link:

Increase in demand for Bitcoin also increase its price in the market and similarly when demand goes down, its price also falls down. Forex trade of any kind or Bitcoin trading is based on fundamentals of countries. At present, a very limited number of investors trade in Bitcoin. However, the currency trading is unlimited all over world. Forex Market has over 4.3 trillion Dollars liquidity in market.

Currently, The Bitcoin is trading at 4341.47 USD /1 in the Forex Market. Current price of Bitcoin is very high as compared to last few months. Experts say Bitcoin purchasing has many benefits. The price in market increases almost every day and trader can earn profit of every transaction as well. Market Analysts and experts forecast that price of this digital currency will cross 10000$ land mark very soon.

Because of high predictions, trading volume of Bitcoin is also increasing in market every day. Current volume of Bitcoin in Forex Market is 199972464.53 with 208940 numbers of transactions. Forex Market trading is a very different and much easier for any investor for starting investing as low as 100$. However, experts advise to gather complete knowledge of business before investing in it. Inaccurate and irrelevant advice can also earn huge loses for investors.

Expert advice is always very important in Forex Business and Bitcoin Trading as well. Forex trading currencies is easily possible in Third world countries like Pakistan, India, Bangladesh, Sri Lanka and Afghanistan. However, the price of Bitcoin is very high and needs high investments too start as compared to FX Trading.

CFD Trading is also very risky and zeroes commission trading in market. Investors willing to gain higher profit, their risk of investment will also higher. For an example, is a trader purchase 10 Pips and current XAU/USD price is 1290, he’ll be looking for Market too rise at 1310. That means, the investor is trading on many risks. Market can come down anytime instead going up. That’s why, always small targets in Forex Trading business are better than higher expectations like Bitcoin Trading.

Switch to mobile version
shared on